Palladon's cash position at the end of Q1 on May 31, 2007 was $6,151,629.
According to Palladon's last email to me, they have incurred expenditures since the end of Q1, so the Q2 statements due at the end of October will provide an updated figure.
It looks like Palladon should have enough cash to keep things going till next year. It looks like there will be no delution this year and if they find a new partner and a sales contract next year then delution can be done at a higher share price. I found this on http://utahrails.net/articles/iron-m...
It looks like productions is starting in the 3rd quarter of 2008.
July/August 2007: The owners of Iron Bull Railroad also owned the Albany & Eastern Railroad (AERC) in Oregon. In early August 2007, they sold their interest in AERC to focus their activities on the further development of their Iron Bull interests in Utah, which was expected to begin operations during the third quarter of 2008. (Trainorders.com, July 26, 2007)
